Sunflower oil remains the major category in edible oils both in retail volume and value sales terms, leaving only small shares for olive oil and other types of vegetable oils. Thus, the dynamics and performance of sunflower oil determine the whole development of the category in Russia.
Olive oil, the second largest category in retail volume and value sales terms, recorded strong growth in 2020. Growth was supported by promotional activities and increased at-home consumption, alongside the health and wellness trend, which accelerated in light of the pandemic.
In terms of other types of edible oils, corn oil is more popular than rapeseed oil or soy oil. Corn oil is a traditional oil in Russia, while rapeseed oil and soya oil remain more niche in the country in 2021.
Yug Rusi is predicted to remain the clear leading player in edible oils at the end of 2021. While the company’s Zolotaya Semechka is set to remain the leading brand in a highly fragmented competitive landscape, Yug Rusi does not show much innovation.
Sunflower oil and olive oil are projected to see modest retail volume and value (constant 2021 prices) CAGRs over the forecast period. The two major categories are set to see positive development, although the drivers are likely to be different in the short to medium term.
“Other” edible oil is expected to register the fastest retail volume and value (constant 2021 prices) CAGRs over the forecast period. At the end of the review period, this category was mostly represented by linseed oil and mustard oil.
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This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.See All of Our Definitions
This report originates from Passport, our Edible Oils research and analysis database.
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